Loan
Lease
Corporate Lease Check
Individual Lease Check
Mg Hector
On Road Price Price Details
₹ 17,61,040
Ex-Showroom Price
₹ 13,99,800
Compr. Insurance
Comprehensive Insurance
₹ 75,000
RTO - Individual
₹ 2,72,242
TCS
₹ 13,998
Depot Charges
₹ 0
On Road Price
₹ 17,61,040
Down Payment
₹ 1,76,104
Loan Amount
₹ 15,84,936
Rate of Interest
8.7 %
Duration
60 Months
EMI
₹ 32,670
Loan Amount
₹ 15,84,936
Estimated Monthly Payment
₹ 32,670/month
Interest Rate 8.7 %
Buying a
Down Payment
Duration
Down Payment
Duration
Loan Offers
Axis Bank
Interest Rate 9.30 %
Processing Fee: ₹ 7,000
Avail 100% With flexible repayment tenure
HDFC Bank
Interest Rate 9.40 %
Processing Fee: ₹ 8,000
Flexible repayment, Zero Foreclosure, Top-up loan
Union Bank of India
Interest Rate 8.70 %
Processing Fee: ₹ 1,000
Best ROI in its class
Amortization Schedule
Year | Principal | Interest | Balance |
---|---|---|---|
1 | ₹ 15,84,936 | ₹ 1,27,506 | ₹ 13,20,397 |
2 | ₹ 13,20,397 | ₹ 1,03,551 | ₹ 10,31,904 |
3 | ₹ 10,31,904 | ₹ 77,427 | ₹ 7,17,286 |
4 | ₹ 7,17,286 | ₹ 48,937 | ₹ 3,74,178 |
5 | ₹ 3,74,178 | ₹ 17,867 | ₹ 0 |
The table above provides you the loan repayment schedule for a loan amount of ₹ 15,84,936, EMI of ₹ 32,670, tenure of 5 years, interest rate of 8.7% p.a